Economy — Page 8 — StockMarket.et

Ethiopia Unveils 5-Year National Digital Payment Strategy 2026–30 as Digital Transactions Hit 9.6 Trillion Br

Ethiopia has launched the draft National Digital Payment Strategy 2026–30 (NDPS 2.0), signaling a major milestone in the country’s digital finance transformation. The announcement was made today during the Ethiopian Digital Payment Conference 2.0, in the presence of top officials including Deputy Prime Minister Temesgen Tiruneh; National Bank of Ethiopia Governor Eyob Tekalign; AfCFTA Secretary

StockMarket.et9 Dec 2025

Business

Ports, Land-Lock, and Logistics: Ethiopia’s Strategic Maritime Dilemma

As Ethiopia races to industrialise and plug itself into East Africa’s emerging trade corridors, one structural constraint shapes its economic reality more than any other: maritime access. The country once relied on two Red Sea ports, Assab and Massawa, as its commercial lifeline. By the early 1990s, Assab alone handled more than 80% of Ethiopia’s

Banking & Finance

Ethiopia Targets Mid-2026 to Finalize Debt Restructuring Under G20 Framework

Ethiopia aims to complete its debt-restructuring process under the Group of 20 Common Framework by mid-2026, Finance Minister Ahmed Shide announced on Friday during a briefing in Addis Ababa. According to the minister, the government is making “significant progress” in securing agreements with official creditors and continues to engage private lenders as part of a

StockMarket.et6 Dec 2025

Economy

World Bank Warns Developing Nations Still Face Severe Debt Pressures

The World Bank has cautioned that developing countries remain vulnerable to rising debt burdens, despite signs of easing global financial conditions. In its latest International Debt Report, the institution revealed that interest payments for developing nations reached a record $415.4 billion in 2024. Between 2022 and 2024, the gap between debt servicing costs and new

StockMarket.et4 Dec 2025

Banking & Finance

Ethiopia Arrests 24 Over Br100 Billion Tax Evasion by Sports-Betting Firms

Ethiopian authorities have arrested 24 people connected to sports-betting companies that are accused of hiding more than 100 billion birr in government revenue, according to the National Intelligence and Security Service (NISS). NISS said it had been watching betting companies and payment providers, including fintech and aggregator firms, over suspected illegal activities. Investigators found that

StockMarket.et28 Nov 2025

Business

Ethiopia Targets 600,000 Tons and USD 3 Billion in New Coffee Push

Ethiopia’s coffee industry is recording some of its best performance in years. New data shared at the National Coffee Exhibition and Recognition Program, held at the Science Museum in Addis Ababa, shows that coffee production, exports, and foreign-exchange earnings have all improved sharply. Top government officials, including Deputy Prime Minister Temesgen Tiruneh and Minister of

StockMarket.et26 Nov 2025

Banking & Finance

National Bank of Ethiopia Announces Quarterly FX Auction Schedule, Allocates USD 520 Million

The National Bank of Ethiopia (NBE) has released its official foreign exchange auction schedule for the remainder of the fiscal year, unveiling a total allocation of USD 520 million for upcoming auctions. According to the statement, USD 420 million has been designated for the third quarter of FY 2025/26, while an additional USD 100 million

StockMarket.et21 Nov 2025

Business

Ethiopia to Introduce 30% Combined Tax on Fuel as Subsidy Rollback Continues

Ethiopia will introduce a combined 30% tax on petroleum products next month, the Ministry of Finance said, as the government accelerates reforms to phase out long-standing fuel subsidies and boost domestic revenue. The new levy — made up of a 15% value-added tax and a 15% excise duty — will be collected by the Ethiopian

StockMarket.et18 Nov 2025

Banking & Finance

Audit Uncovers 15 Billion Birr in Off-Budget Revenue, Billions in Unresolved Debts

A new audit by the Office of the Federal Auditor General (OFAG) has exposed serious financial management breaches at the Ministry of Finance, including the collection of over 15.1 billion birr in revenues not recorded in the government’s 2023/24 approved budget. According to the report, led by Auditor General Meseret Damte, the Ministry collected substantial

StockMarket.et17 Nov 2025

Business

IMF Sounds Alarm on Ethiopia’s Yuan Debt Strategy

The IMF has renewed its warning to Ethiopia over the currency risks tied to repaying Chinese loans in yuan, even though the arrangement was agreed upon months ago. So, why the concern now? Because while shifting repayments from US dollars to yuan seemed like a smart cost-cutting move at first, the macroeconomic picture has worsened.

StockMarket.et14 Nov 2025

Deep Dive

The New Ladder of Inequality: Why Some Ethiopians Soar While Others Struggle

“Why do some Ethiopians earn 20 times more than others in the same city?” That question feels like an accusation and a confession all at once. Walk down any main street in Addis Ababa and you’ll see it: shiny cafés and new office towers standing beside neighborhoods where a day’s wages pays for a single

Yesuf Hadji24 Oct 2025

Banking & Finance

Ethiopia Cracks Down on “Sneaky Hawala Hustlers”

Looks like the National Bank of Ethiopia (NBE) is done playing nice with the underground money movers. Governor Eyob Tekalign (PhD) made it clear: if you’re running illegal hawala transfers, it’s time to either go legit or go quiet. The central bank has been chatting with both foreign hawala operators and commercial banks — kind

StockMarket.et22 Oct 2025